Kobo Resources Announces Non-Brokered Private Placement of up to $5.5 Million to Advance Kossou and Regional Growth
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PRESS RELEASE MARCH 23, 2026
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES.
Kobo Resources Announces Non-Brokered Private Placement of up
to $5.5 Million to Advance Kossou and Regional Growth
QUEBEC CITY, QC – Kobo Resources Inc. (“Kobo” or the “Company”) (TSX.V: KRI) intends to complete
a non-brokered private placement of up to 16,504,128 common shares of the Company (“Common
Shares”) at a price of $0.335 per Common Share for gross proceeds of up to $ 5,528,882.89 (the
“Offering”). The Common Shares will be issued pursuant to exemptions from the prospectus requirements
in accordance with Regulation 45-106 respecting Prospectus Exemptions. The Common Shares will be
subject to a 4-month statutory hold period in accordance with applicable Canadian securities laws.
Edward Gosselin, CEO and Director of Kobo commented: “Closing of this financing will allow us to continue
advancing the Kossou Gold Project through ongoing drilling as we work toward a maiden resource estimate.
At the same time, we are preparing to begin drilling at Kotobi, where we have already identified several
priority gold targets supporting additional growth prospects. Beyond these projects, the Company also
remains focused on building a pipeline of growth opportunities in Côte d’Ivoire through disciplined
exploration and evaluation of additional ground. Our objective is to continue expanding the scale of our
mineralised systems with a clear path toward resource definition, all while evaluating accretive gold
opportunities in-country.”
The Company intends to use the net proceeds of the Offering to advance ongoing drilling and exploration
at the Kossou Gold Project (“Kossou”), initiate drilling at the Kotobi Permit and for general corporate and
working capital purposes.
The Company plans to continue drilling at Kossou as it advances toward establishing an inaugural Mineral
Resource Estimate for the project, currently targeted for mid-2026. With approximately 41,000 metres of
drilling completed across 215 holes at the Jagger and Road Cut Zones to date, along with metallurgical
samples collected for analysis, the Company continues to build the technical foundation required to support
greater resource definition. Ongoing exploration across additional targets, including the Kadie Zone, Jagger
South Zone, the western Kossou Permit area and the Contact Zone Fault, may further contribute to the
scale of the mineralised system as drilling progresses.
Proceeds of the Offering are also expected to enable the Company to initiate its first phase of diamond
drilling at the Kotobi Permit, where previous exploration has defined four large gold-in-soil anomalies across
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a structurally prospective corridor. Follow -up work, including trenching and target refinement, has
established a pipeline of drill-ready targets, with an initial drill program planned for the second quarter of
2026. In addition, the financing provides flexibility to continue advancing the Company’s broader exploration
portfolio in Côte d’Ivoire, including work under the Nesdave earn-in agreements and ongoing evaluation of
the Yakassé Project, where permitting is in progress. The Company also continues to assess additional
prospective opportunities and strategic partnerships within Côte d’Ivoire as part of its disciplined approach
to building a scalable in-country gold platform.
Closing of the Offering is expected to occur on or about March 31, 2026 (the “Closing”) and is subject to
certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the
approval of the TSX Venture Exchange.
The Common Shares have not been and will not be registered under the United States Securities Act of
1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered
or sold to, or for the account or benefit of, persons in the “United States” or “U.S. persons” (as such terms
are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act
and all applicable U.S. state securities laws or compliance with an exemption from such registration
requirements. This press release is not an offer to sell or the solicitation of an offer to buy the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration
under the securities laws of such jurisdiction.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling gold discovery in Côte
d'Ivoire, one of West Africa’s most prolific gold districts, hosting several multi-million-ounce gold mines. The
Company’s 100%-owned Kossou is located app roximately 20 km northwest of the capital city of
Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing
facilities.
With over 35,000 metres of diamond drilling, nearly 5,887 metres of reverse circulation (RC) drilling, and
7,100+ metres of trenching completed since 2023, Kobo has made significant progress in defining the scale
and prospectivity of its Kossou. Exploration has focused on multiple high-priority targets within a 9+ km
strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive
mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined
structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and
mineral resource development.
Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its
land position in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth
in-country. Kobo remains committed to identifying and developing new opportunities to enhance its
exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting
combination of high-quality gold prospects led by an experienced leadership team with i n-country
experience.
Kobo’s common shares trade on the TSX Venture Exchange under the symbol "KRI”. For more
information, please visit www.koboresources.com.
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For further information, please contact:
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Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
OF THIS RELEASE.
Cautionary Statement on Forward-looking Information:
This press release may contain “forward-looking information” and “forward-looking statements” (collectively,
“forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All
statements, other than statements of historical fact, are forward-looking statements. Any statement that
involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often but not always using phrases such as “expects”, or “does
not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”,
“estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions,
events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements
of historical fact and may be forward-looking statements, including statements related to the Offering,
including completion thereof and the use of proceeds therefrom, the exploration programs of the Company,
mineral resource estimates and expected timing thereof and the Company’s opportunities generally.
Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while
considered reasonable as at the date of this press release, are subject to known and unknown risks,
uncertainties and other factors which may cause the actual results and future events to differ materially
from those expressed or implied by such forward-looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and social uncertainties; the inherent risks
involved in the exploration and development of mineral properties; unanticipated costs and expenses; the
delay or failure to receive board, shareholder or regulatory approvals; and other risk factors listed from time
to time in documents filed by the Company with Canadian securities regulators on SEDAR+ at
www.sedarplus.ca. There can be no assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on the forward-looking statements and information contained in
this press release. Except as required by law, Kobo assumes no obligation or liability to update the forward-
looking statements of beliefs, opinions, projections, or other factors, should they change, except as required
by law.